Navigation Links
CVS Caremark And Cardinal Health Announce Creation Of Largest Generic Sourcing Entity In U.S.
Date:12/10/2013

DUBLIN, Ohio, and WOONSOCKET, R.I., Dec. 10, 2013 /PRNewswire/ -- CVS Caremark (NYSE: CVS) and Cardinal Health (NYSE: CAH) today announced the signing of an agreement to form the largest generic sourcing entity in the U.S., which is the world's largest generic drug market. Both companies are contributing their sourcing and supply chain expertise to this 50/50 joint venture and are committing to source generic drugs through it. The companies separately announced a three-year extension through June 2019 of Cardinal Health's existing pharmaceutical distribution agreements with CVS Caremark. 

The U.S.-based joint venture is expected to be operational as soon as July 1, 2014, and will have an initial term of 10 years. Under this arrangement, the joint venture will source and negotiate generic supply contracts for both Cardinal Health and CVS Caremark. In order to reflect an equitable 50/50 joint venture, the agreement includes a quarterly payment of $25 million over the life of the agreement from Cardinal Health to CVS Caremark. The payments have an estimated after-tax present value of $435 million. No physical assets (e.g., property, plant or equipment) are being contributed by either company to the joint venture, and minimal funding is being provided to capitalize the entity. The venture is subject to the completion of final documentation and customary closing conditions.

CVS Caremark is the largest pharmacy health care provider in the U.S. Last year, the company filled more than a billion prescriptions through its retail and mail order pharmacies. Cardinal Health is a leading health care services company and an essential link in the health care supply chain, providing pharmaceuticals and medical products to more than 100,000 provider a
'/>"/>

SOURCE Cardinal Health
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine technology :

1. CVS Caremark To Host 2013 Analyst Day For The Investment Community
2. CVS Caremark to Purchase Coram Infusion Business from Apria Healthcare, Expanding Specialty Pharmacy Offering
3. CVS Caremark Charitable Trust to Award $25,000 to Nonprofits Nationwide on #GivingTuesday to Celebrate the Spirit of Volunteerism
4. CVS Caremark Names Tracy Bahl as Executive Vice President, Health Plans
5. CVS Caremark Sponsors 2nd Annual Wake Forest Retail Innovation Challenge: Enhancing Seniors Lives
6. CVS Caremark Charitable Trust Supports Relief Efforts in the Philippines with $50,000 Donation and Matches Colleague Contributions Up to $50,000
7. CVS Caremark Appoints Dr. William Shrank as Chief Scientific Officer and Chief Medical Officer, Provider Innovation and Analytics
8. CVS Caremark Reports Record Third Quarter Results
9. Philanthropic Grants, Product Launches, Promising Partnerships, and Customer Satisfaction Rankings - Research Report on CVS Caremark, Walgreens, McKesson, AmerisourceBergen, and Cardinal Health
10. CVS Caremark Research Finds New, More Accurate Method for Classifying Patient Medication Adherence Behaviors
11. CVS Caremark Uses Data to Combat National Prescription Drug Abuse Epidemic; Program Details Published in New England Journal of Medicine Online
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/24/2014)... , July 24, 2014  Parnell Pharmaceuticals ... compounds that will be added to Parnell,s already ... CIMTECH Pty Ltd, a biotechnology company. The compounds ... have shown promise in bone regeneration and dermal ... develop the compounds for the veterinary market with ...
(Date:7/24/2014)... July 24, 2014  Restore Health, a leading ... pharmaceuticals, announced that it is now offering pharmacogenetics ... each individual based upon their particular genetic makeup. ... the interaction between a patient,s genetics and their ... excited to provide this new service to healthcare ...
(Date:7/24/2014)... HILDEN , Germany , and ... , Exclusive global ... assays for SF3B1 mutations, including next-generation sequencing (NGS) gene ... gene, to be targeted by new test, indicate favorable ... myelodysplastic syndromes  QIAGEN sees potential for developing ...
Breaking Medicine Technology:Parnell Acquires License for Intellectual Property and Rights to Develop Compounds for Bone and Dermal Regeneration 2Parnell Acquires License for Intellectual Property and Rights to Develop Compounds for Bone and Dermal Regeneration 3Parnell Acquires License for Intellectual Property and Rights to Develop Compounds for Bone and Dermal Regeneration 4Restore Health Launches Pharmacogenetic Testing, Enhancing Its Suite of Personalized Medicine Goods and Services 2Restore Health Launches Pharmacogenetic Testing, Enhancing Its Suite of Personalized Medicine Goods and Services 3QIAGEN Adds Promising Genomic Biomarkers for Assessing Prognosis in Treatment of Blood Cancers to Personalized Healthcare Pipeline 2QIAGEN Adds Promising Genomic Biomarkers for Assessing Prognosis in Treatment of Blood Cancers to Personalized Healthcare Pipeline 3QIAGEN Adds Promising Genomic Biomarkers for Assessing Prognosis in Treatment of Blood Cancers to Personalized Healthcare Pipeline 4QIAGEN Adds Promising Genomic Biomarkers for Assessing Prognosis in Treatment of Blood Cancers to Personalized Healthcare Pipeline 5
... a next-generation oncology diagnostics company focused on improving ... closed a $21 million series A financing. ... and included Bessemer Venture Partners, Physic Ventures and ... ) , On-Q-ity is developing diagnostics to determine ...
... 3 Reportlinker.com announces that a new ... catalogue. , Wheelchair Market Shares, ... , http://www.reportlinker.com/p0157387/Wheelchair-Market-Shares-Strategies-and-Forecasts-Worldwide-2009-to-2015.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=prnewswire ... This 2009 study has 484 pages, 235 ...
Cached Medicine Technology:Cancer Diagnostics Company, On-Q-ity, Raises $21M in Series A Funding for the Development of Technologies to Personalize Cancer Therapy 2Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 2Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 3Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 4Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 5Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 6Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 7Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 8Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 9Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 10Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 11Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 12Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 13Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 14Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 15Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 16Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 17Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 18Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 19Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 20Reportlinker Adds Wheelchair Market Shares, Strategies, and Forecasts, Worldwide, 2009 to 2015 21
(Date:7/27/2014)... New York, NY (PRWEB) July 27, 2014 ... and Tea Production industry has fared well, thanks ... tea and coffee blends. According to the Coffee Association ... data available), Canadians consume 2.7 cups of coffee per ... shed light on the health benefits of drinking tea ...
(Date:7/27/2014)... (PRWEB) July 27, 2014 The European ... market in Europe with analysis and forecast of revenue. ... grow from around $509.4 million in 2013 to $657.1 ... 2013 to 2018. , Browse through the TOC of ... idea of the in-depth analysis provided. It also provides ...
(Date:7/27/2014)... 2014 As Tylenol lawsuits ... move forward in federal court, Bernstein Liebhard LLP ... of the benefits purportedly associated with acetaminophen, the ... which appears in the The Lancet, looked at ... whom were given either acetaminophen or a placebo ...
(Date:7/27/2014)... Ticket Down is a reputable source ... in Miami, FL at the Sun Life Stadium on August ... underway. In the opening game, Olympiacos from Superleague Greece defeated ... an early lead in their group. Six other teams will ... including Manchester City, Manchester United, AS Roma, Liverpool FC, Inter ...
(Date:7/27/2014)... WA (PRWEB) July 27, 2014 Individuals that ... injury would greatly benefit from the newly released ebook ... claims. , Designed to help those struggling through the ... type of accident, the ebook guide attempts to help individuals ... full health with the help of their doctors and an ...
Breaking Medicine News(10 mins):Health News:Coffee and Tea Production in Canada Industry Market Research Report Now Available from IBISWorld 2Health News:Coffee and Tea Production in Canada Industry Market Research Report Now Available from IBISWorld 3Health News:Europe Agricultural Adjuvants Market is Expected to Reach $657.1 million in 2018 - New Report by MicroMarket Monitor 2Health News:Europe Agricultural Adjuvants Market is Expected to Reach $657.1 million in 2018 - New Report by MicroMarket Monitor 3Health News:Europe Agricultural Adjuvants Market is Expected to Reach $657.1 million in 2018 - New Report by MicroMarket Monitor 4Health News:Europe Agricultural Adjuvants Market is Expected to Reach $657.1 million in 2018 - New Report by MicroMarket Monitor 5Health News:As Tylenol Lawsuits Mount, Bernstein Liebhard LLP Notes Study Questioning Some Benefits Purportedly Associated with Acetaminophen 2Health News:As Tylenol Lawsuits Mount, Bernstein Liebhard LLP Notes Study Questioning Some Benefits Purportedly Associated with Acetaminophen 3Health News:As Tylenol Lawsuits Mount, Bernstein Liebhard LLP Notes Study Questioning Some Benefits Purportedly Associated with Acetaminophen 4Health News:Guinness International Champions Cup Finals Tickets: Ticket Down Slashes Ticket Prices for International Champions Cup Finals in Miami at Sun Life Stadium 2Health News:Guinness International Champions Cup Finals Tickets: Ticket Down Slashes Ticket Prices for International Champions Cup Finals in Miami at Sun Life Stadium 3Health News:Auto Accident Personal Injury Ebook Guide Released by The Jones Firm 2
... An Indian origin scientist at the Rensselaer Polytechnic ... build artificial muscles using carbon nanofibres .,Artificial muscles ... creating a smoother, more human-like motion than jerky ... could be used to power robots, prosthetic limbs ...
... Food Safety Authority (NZFSA) has issued a warning to the ... fear that it has additives not cleared for use in ... the safety of baby food in the country. ,The ... in the baby formula. ,Four Nutricia Karicare Gold Plus ...
... health institutions found to be violating various health laws . ... arrest and prosecute the operators of these institutions. ,In ... shops which constitute immeasurable health hazards to its innocent ... health facilities in different parts of the state. ...
... has been an alarming rise in the number of suicides ... way back in 1989 . Unfortunately, most such incidents have ... were 736 cases of attempted suicide from 2001 until May ... quite different. ,,The records of just one major hospital ...
... and final Harry Potter book has been leaked on the internet, ... of the pages, said to be from the US edition of ... to a number of websites, that have seen a deluge of ... ,If the leak is not a hoax, then the photographs reveal ...
... calculations are a knotty affair for most young adults in ... 14 of them cannot solve basic maths questions meant for ... survey was conducted to mark the release of the ITV ... , ,The brain gain software props up pre-school children to ...
Cached Medicine News:Health News:Additives in Baby Products Raise Fresh Concerns in New Zealand 2Health News:Nigerian Health Authority Crackdown On Sub-Standard Health Institutions 2Health News:Kashmir Battles Alarming Increase in Suicides 2Health News:Kashmir Battles Alarming Increase in Suicides 3
The CD Horizon Antares Spinal System represent a new addition to the CD Horizon Spinal System. It is based around a new, anatomically designed "pringle shaped" staple that allows for the placement of...
... Moss Miami is a universal hook, rod, and ... spinal procedures. The Moss Miami system utilizes a ... screws, and a dual closure mechanism. The load ... for proper tension band principle to be applied ...
BLF21A Alarm Model measures microcirculation in 1 cubic mm of tissue for real-time assessment of perfusion....
A portable, easy to use, dual-channel laser-Doppler tissue perfusion and temperature monitoring system, at a remarkably affordable price....
Medicine Products: